Experts expect gas prices to stay low into 2014

8:54 PM,
Nov. 15, 2013

Regular gas is priced at $2.88 a gallon Tuesday at a Mobil station in Chatham, Ill.

Written by

Gary Strauss
| USA Today

After plummeting to their lowest levels in nearly three years, gas prices may be close to hitting a 2013 low.

Nationally, the average price has inched up to $3.20 a gallon after bottoming out at about $3.17 earlier this week. Behind the gains is a three-day spike in wholesale prices, including a 5 percent jump Thursday. That's pushed pump prices in some states, such as Michigan, 11 cents higher this week. Benchmark West Texas crude traded at a five-month low Thursday, to about $92.50 a barrel, before rebounding to close at nearly $94.